Common use of Rent After Casualty or Taking Clause in Contracts

Rent After Casualty or Taking. If the Premises shall be damaged by fire or other casualty, until the Lease is terminated or the Premises is restored, the Annual Fixed Rent and Additional Rent shall be justly and equitably abated and reduced according to the nature and extent of the loss of use thereof suffered by the Tenant. In the event of a taking which permanently reduces the area of the Premises, a just proportion of the Annual Fixed Rent and applicable Additional Rent shall be abated for the remainder of the Term.

Appears in 8 contracts

Samples: Lease (Agios Pharmaceuticals Inc), Lease (Exicure, Inc.), Non Disturbance and Attornment Agreement (Agios Pharmaceuticals, Inc.)

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Rent After Casualty or Taking. If the Premises shall be damaged by fire or other casualty, until the Lease is terminated or the Premises is restoredexcept as provided below, the Annual Fixed Rent and Additional Rent shall be justly and equitably abated and reduced according to the nature and extent of the loss of use thereof suffered by the Tenant, from and after the date of the Casualty or Taking until the Premises shall be restored to substantially the same condition as immediately prior to such Casualty or Taking. In the event of a taking which permanently reduces the area of the Premises, a just proportion of the Annual Fixed Rent and applicable Additional Rent shall be abated for the remainder of the Term.

Appears in 5 contracts

Samples: Non Disturbance Agreement (Blueprint Medicines Corp), Lease (Voyager Therapeutics, Inc.), Lease (Blueprint Medicines Corp)

Rent After Casualty or Taking. If the Premises shall be damaged by fire or other casualty, until the Lease is terminated or the Premises is restored, the Annual Fixed Rent and Additional Rent shall be justly and equitably abated and reduced according to the nature and extent of the loss of use thereof suffered by the Tenant. In the event of a taking which permanently reduces the area of the Premises, a just proportion of the Annual Fixed Rent and applicable Additional Rent shall be abated for the remainder period of the Termsuch taking.

Appears in 1 contract

Samples: Lease (Sientra, Inc.)

Rent After Casualty or Taking. If the Premises shall be damaged by fire or other casualty, until the Lease is terminated or the Premises is restored, the Annual Fixed Rent and Additional Rent shall be justly and equitably abated and reduced according to the nature and extent of the loss of use thereof suffered by the TenantTenant from the date of the casualty through the date that Landlord substantially completes Landlord’s restoration work to the Premises. In the event of a taking which permanently reduces the area of the Premises, a just proportion of the Annual Fixed Rent and applicable Additional Rent shall be abated for the remainder period of the Termsuch taking.

Appears in 1 contract

Samples: Lease (Vericel Corp)

Rent After Casualty or Taking. If the Premises shall be damaged by fire or other casualty, until the Lease is terminated or the Premises is restored, the Annual Fixed Rent and Additional Rent shall be justly and equitably abated and reduced according to the nature and extent of the loss of use thereof suffered by the Tenant. In the event of a taking which permanently reduces the area of the Premises, a just proportion of the Annual Fixed Rent and applicable Additional Rent shall be abated for the remainder of the Term.

Appears in 1 contract

Samples: Lease (Aveo Pharmaceuticals Inc)

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Rent After Casualty or Taking. If the Premises shall be damaged by fire or other casualty, until the Lease is terminated or the Premises is restored, the Annual Fixed Rent and Additional Rent shall be justly and equitably abated and reduced according not xxxxx except to the nature and extent of that the loss of use thereof suffered Landlord is fully compensated therefor by the any lost rent insurance maintained by Landlord at Tenant’s expense pursuant to Section 8.4. In the event of a taking which permanently reduces the area of the Premises, a just proportion of the Annual Fixed Rent and applicable Additional Rent shall be abated for the remainder of the Term.

Appears in 1 contract

Samples: Langer Inc

Rent After Casualty or Taking. If the Premises shall be damaged by fire or other casualty, until the casualty or taking (and prior to any termination of this Lease is terminated or the Premises is restoredpursuant to this Article 8), the Annual Fixed Rent and Additional Rent shall be justly and equitably abated and reduced according to the nature and extent of the loss of use thereof suffered by the Tenant. In the event of a taking which permanently reduces the area of the PremisesPremises or the Property Common Areas, a just proportion of the Annual Fixed Rent and applicable Additional Rent shall be abated for the remainder of the Term.

Appears in 1 contract

Samples: Lease (SBS Technologies Inc)

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